Wednesday, 9 February 2011

Pakistan invites Malaysian construction companies

Kuala Lumpur: Pakistan government has invited Malaysian construction companies to join in its re-construction efforts in wake of devastating floods last year, which damaged roads, bridges, communication network, schools, hospitals.

"The country is also brimming with investment opportunities in sectors such as power, energy, construction, halal, education, agriculture. This can be gauged from the fact that over 600 foreign companies are earning good profits from their investments in Pakistan," said Pakistan’s high Commissioner to Malaysia Masood Khalid on Wednesday. Talking to News Straits Times Press editorial management team, he said over 30 top ranking companies of Pakistan were expected to attend Investment Opportunities in Pakistan seminar, interact with Malaysian counterparts to build business linkages, contacts to facilitate, explore business, investment opportunities in Pakistan. Seminar, jointly organized by Pakistan’s Board of Investment & Malaysian Investment Development Authority, will be held on March 31, 2011. Masood said after signingfree trade agreement in 2007, bilateral trade between Pakistan and Malaysia was on upward trajectory and within three years has touched US$2 billion mark. "Both sides enhanced cooperation in agriculture, veterinary and halal sectors. Two MoUs and one letter of intent were signed between two countries last year to enhance cooperation in agriculture. In veterinary, we are helping Malaysia establish a pilot project to breed Nili Ravi Bufflo of Pakistan.” He said Pakistan will start exporting beef to Malaysia and a Malaysian delegation expected to attend International Halal Conference from March 1-3, 2011 in Karachi.